Energy policy decisive for the future of the German chemical industry

1:10 PM MDT | March 18, 2014 | Michael Ravenscroft

In the next few weeks, the direction will be set at Brussels and Berlin for the future of the German chemical industry, chemical trade association VCI (Frankfurt) says. The international competitiveness of a large part of the chemical industry depends on the continuation of the reduction granted to energy-intensive companies on a surcharge for the financing of renewable energy sources in Germany’s renewable energy act (EEG). In addition, the proper functioning of numerous value chains and the overall economic development of Germany are intimately connected...